500 Woodingham Dr APT 23East LansingMI48823
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in East Lansing at 500 Woodingham Dr APT 23, East Lansing, MI, 48823 earns $554/mo cash flow from $1,411/mo rent with a $636/mo payment. Total monthly income totals $1,411/mo, and annual cash flow totals $6,648/yr on $43,095 capital. ROI tracks 35.34% on current figures, and rental yield reads 13.02% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 186.04% and total cumulative return in cash sums $80,175. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,411/mo property income instead of your personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48823, East Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,865 (100%) |
| Owner Occupied HU | 10,317 (39.9%) |
| Renter Occupied HU | 13,227 (51.1%) |
| Vacant Housing Units | 2,321 ( 9.0%) |
| Median Home Value | $296,966 |
| Average Home Value | $329,463 |
Housing Distribution
Address Breakdown
Residential
23,522
Single Family
14,377
Multi-Family
9,145
Businesses
1,219
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Troy Seyfert • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls ID: #290054